Category Archives: Economics

New Book Discounts Theory of Marijuana as Top US Cash Crop

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by Michael Montgomery, California Watch For years, legalization advocates have argued that marijuana is America’s leading cash crop, outranking corn, wheat, soy and a host of other heartland staples produced on an industrial scale. Bringing pot production above ground, the … Continue reading »


San Bernardino Joins List of Bankrupt Cities

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SAN BERNARDINO, Calif. (AP) — As recently as last month, no city in California had opted for bankruptcy since 2008, and no U.S. city of more than 200,000 people had ever chosen bankruptcy. The past two weeks have changed all … Continue reading »


Forecast Says California Growth Will Remain Sluggish

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Not making the kind of money you expected? You are in good company. California’s economy is falling behind “where it should be” according to an analysis released today by the University of California, Los Angeles’ Anderson School of Management. The … Continue reading »


Wells Fargo Looking for a Cut of India's Rich Remittance Market

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By Charla Bear Wells Fargo wants a bigger piece of the billions of dollars Indian expatriates will send home this year. The bank just announced it’s dramatically expanded its remittance service for Indian customers. It can be a long, complicated … Continue reading »


Paul Krugman on California Fiscal Crisis, Pensions, and 'Not a Shred of Evidence' That Higher Taxes Kill Jobs

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On Monday on KQED Public Radio's Forum program, New York Times op-ed columnist and Nobel Prize winner in economics Paul Krugman sat down with host Michael Krasny to discuss the perpetually lousy economy and possible solutions, as described in Krugman's … Continue reading »


HP: A Layoff Storm's a Comin'

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Apple takes a lot of flack for the business concept "Designed in California, made in China." But even the most casual hi-tech observer will acknowledge it's an industry standard, not the exception. So you may be forgiven if you heaved … Continue reading »


Exploring Bayview's Food Renaissance; Map of Area Restaurants

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Radio Africa & Kitchen is one of a growing list of city- supported food businesses on Third Street in San Francisco's Bayview neighborhood. It's all part of a calculated redevelopment strategy to drive foodies to this long neglected corner of … Continue reading »


California Tax Ruling Comes Too Late For Most Filers

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Sometimes it pays to procrastinate. In a surprise gift to taxpayers, the State of California office that collects taxes announced Friday that most kinds of property tax are fully deductible on 2011 income tax returns. The change could cost the … Continue reading »


Beyond the Bubble: Quiet Day in Court for a Legendary Drug Kingpin

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Rachael Myrow here, host of the California Report, with an AM post from somewhere else in California. We're in this Golden State together. Right? Drug kingpins come. Drug kingpins go. So Hollywood tells us.  But it doesn't always end in … Continue reading »


Oakland Considers Divesting From Wells Fargo

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Members of the Oakland City Council are looking at bank foreclosure practices when deciding where to put the city’s money. Wells Fargo currently has the city’s bank contract. Finance Committee Chair Jane Brunner introduced a motion Tuesday requiring that any … Continue reading »